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India to hold exhibition to boost economic ties with Brunei

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Bandar Seri Begawan: The Indian government will organise an investment exhibition in Bandar Seri Begawan this September to boost economic ties with Brunei, media reported on Sunday.

Indian High Commissioner Nagma Mallick said the expo titled “India Investrade” will feature a large business delegation from Kolkata, Xinhua news agency reported.

“We have two big business delegations that will be coming to Brunei this year. In September, we will have a big exhibition… and later in October or November a large delegation from the Confederation of Indian Industry in Delhi. They will hold meetings to explore investment opportunities in both India and Brunei,” she said on Saturday.

Representatives of Indian companies from various sectors such as healthcare, pharmaceuticals, solar energy and engineering are expected to meet Brunei businessmen to build up trade and investment ties.

There are many opportunities to be found in Brunei as it is centrally located in the Asean region, Mallick said.

India is keen to use its vast experience in agriculture and IT to help the Sultanate diversify its economy, she said.

Brunei and India established diplomatic relations on May 10, 1984. According to Brunei’s Ministry of Foreign Affairs and Trade, a bilateral joint committee was set up in 1995 to promote closer cooperation between both countries.

The main export of Brunei to India is crude oil, while India’s main export to Brunei are labours including professionals and semi-skilled workers.

–IANS

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